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  1. Pessimistic CFOs fret over cyber risks, ESG and economy: Deloitte

    incident recently. “Cyber security has become an increasingly prominent business risk,” said Mr Gustafson. “In the last 12 months, 32 per cent of surveyed CFOs had confronted at least one cyber security incident in their business, and 86 per cent of...

  2. Perth man jailed, ordered to repay $110k in fraudulent GST refunds

    and has been ordered to repay the money. Perth District Court found Justin McCormick had reregistered an ABN in February last year he had previously used from 2009–15 and began lodging bogus BAS and claiming GST on purchases that were never made. He got...

  3. Perth cafe issued with more than $190k in penalties 

    surprise raids of cafes and restaurants across capital cities to increase compliance, with 77 Brisbane food shops raided last month and over $400,000 in unpaid entitlements discovered.

  4. Personal insolvencies see uptick in FY24–25

    were insolvent deceased estates. Beresford said that while the number of recorded personal insolvencies had fallen over the last eight years, AFSA had strived to be proactive in its regulatory posture across its education, compliance, and enforcement...

  5. Personal insolvencies see uptick for June 2025 quarter

    year saw 3,179 business-related personal insolvencies, highlighting a 7.9 per cent increase in comparison to the same period last year. According to the statistics revealed by the Australian Financial Security Authority (AFSA), of the total 3,179...

  6. Personal insolvencies see slight dip in Q1: AFSA

    Personal insolvency numbers have reflected a slight drop for the 2025 March quarter in comparison to the same period last year. Recent data from the Australian Financial Security Authority (AFSA) revealed personal insolvencies across Australia have...

  7. Personal insolvencies rise again in March quarter

    recorded a total of 2,981 personal insolvencies in the March 2024 quarter, an increase of 19.5 per cent from the same period last year. National data shows personal insolvencies rose in all states and territories compared to the March quarter 2023,...

  8. Personal insolvencies ease slightly in December

    AFSA statistics. The latest personal insolvency statistics indicated a total of 828 personal insolvencies for December last year, according to provisional monthly statistics by the Australian Financial Security Authority. This was a substantial drop...

  9. Personal insolvencies continue to soar in early 2024

    Personal insolvencies increased by almost a third in January compared with the same period last year, according to the latest AFSA data. The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also...

  10. Perrottet sets his sights on GST, property tax in early hours of leadership

    defeating the Minister for Planning and Public Spaces, Rob Stokes, following former premier Gladys Berejiklian’s resignation last Friday (1 October), after the Independent Commission Against Corruption (ICAC) announced that it will move to investigate...

  11. Permanent STP quarterly reporting concession floated to ATO

    reporting space demonstrating that the ATO has the “appetite” to adopt new concessionary measures. “If you look at the last six months, they brought it in for closely held, they brought it in for this two-year transition phase for micro businesses that...

  12. PepsiCo wins appeal against Commissioner of Taxation

    which was royalty for the use of PepsiCo/SVC’s intellectual property,” the written reasons for the judgment set out. Last November, the Federal Court’s Justice Mark Moshinsky found PepsiCo was liable for the royalty withholding tax at a five per cent...

    • Type: Article
    • Author: Naomi Neilson
    • Category: Tax

  13. Pepper calls on accountants and brokers to embrace relationship

    has become increasingly prevalent in recent years, something Mr Rehayem considers mutually beneficial. In October last year, national accounting group Chan & Naylor announced a joint venture with brokerage Origin Finance. Chan & Naylor Finance now...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  14. Peak bodies welcome Australia-UK trade deal

    a joint statement welcoming a new Australia-UK trade deal agreed to by Prime Ministers Scott Morrison and Boris Johnson last week. A core tenet of the deal hinges on greater business mobility between both nations. The commitments agreed to will allow...

  15. Peak bodies fear compensation scheme could be last straw for advice industry

    and red tape, say eight of Australia’s largest financial advice industry associations. After the Compensation Scheme of Last Resort opened for consultation on 16 July, Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia, Financial...

  16. Payroll, false records sees business cop $140k penalty

    laws by failing to issue pay slips and providing Fair Work inspectors with false records during the investigation. In August last year, the FWO had discovered issues with record-keeping at several Degani outlets, leading to audit activity that found...

  17. Payroll, compliance issues top dodgy practices in Aussie business

    with two-thirds of the workplace regulator's court cases involved alleged record-keeping or pay slip contraventions in the last financial year.

    • Type: Article
    • Author: Reporter
    • Category: Tax

  18. Payroll tax: The hidden risk of interstate employees

    tax in their home state but have one or two interstate employees. The risk of this occurring has been exacerbated in the last two years with the COVID-driven explosion in remote working, with the realisation that many employees can work from anywhere,...

  19. Payroll tax threshold to increase in NSW, SA

    Business) Amendment Bill 2018 being introduced in state parliament has an expected start date of 1 January 2019. “At long last the economic handbrake is coming off small businesses in this state who will soon have more money in their pockets to reinvest...

  20. Payroll tax here to stay, says ex-ATO official

    step in to remove the much-maligned payroll tax, despite Treasury recently weighing in on its impact on employment growth. Last month, Treasury released an analysis of payroll tax data which it claimed proved that the tax is no disincentive on...

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